Investments in pipeline and storage assets provide Gunvor with the logistical flexibility to efficiently place different crude grades into various markets, enabling us to quickly take advantage of arbitrage opportunities.

Pipelines & Storage

Nevskaya Pipeline Company

Gunvor maintains a 50 percent ownership stake in Nevskaya Pipeline Company, which owns a 4 kilometer pipeline connecting Gunvor’s jetty on the Baltic Sea to Transneft’s crude oil tank farm, which is at the end of Transneft’s BPS-2 pipeline. The pipeline’s full nominal throughput capacity ranges from 20 to 25 million metric tons per year. NPC has throughput agreements in place with major oil producers.

Transalpine (TAL) Pipeline

Gunvor has a minority stake in the Transalpine Pipeline (TAL). This is of strategic importance in securing supplies to the land-locked Gunvor Refinery Ingolstadt in Germany. The 753-kilometer pipeline connects the Port of Trieste in Italy (via Italy, Austria and Germany) to the German states of Bavaria and Baden-Württemberg. TAL is managed to ensure that each refinery connected to it receives the required quality and quantity of oil at the scheduled times.

Petroterminal de Panama

Gunvor holds a minority stake in Petroterminal de Panama. The company’s primary asset is a pipeline with a 600,000 barrels per day throughput capacity that links the Pacific and Atlantic oceans. There are also storage locations at both ends of the pipeline with a total of around 9 million barrels split approximately equally between the two coasts. The pipeline offers a shortcut for crude cargoes around Latin America and an alternative to the Panama Canal. It gives us increased sourcing opportunities, a market presence in the Americas and access to additional storage capacity.